Daily Trading Analysis 20.06.2024

Technical & Fundamental analysis

Trading Analysis of GBP/CAD BoE is expected to keep rates on hold at 5.25% even as UK economic data continues to miss the mark. Our Analysis: While the price is above 1.7200, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.7433 Take Profit 1: 1.7500 Take Profit 2: 1.7600 Alternative scenario: If level 1.7200 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.7200 Take profit 1: 1.7100 Take Profit 2: 1.7000 Learn More Trading Analysis of EUR/CAD BoC Summary of Deliberations delivers little new, but reiterates widening policy divergence. Our Analysis: As long as the price is above 1.4700 follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.4728 Take Profit 1: 1.4900 Take Profit 2: 1.5000 Alternative scenario: If the level of 1.4700 is broken-down, follow the recommendations below:   Time frame: D1 Recommendation: short position Entry point: 1.4700 Take profit 1: 1.4600 Take Profit 2: 1.4500 Learn More Fundamental Trading Analysis of Amazon Amazon has evolved from a modest online bookstore into a dominant player in various industries, potentially eyeing another $100 billion opportunity. Our Analysis: As long as the price is above 180.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 181.88 Take Profit 1: 190.00 Take Profit 2: 195.00 Alternative scenario: If the level of 180.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 180.00 Take Profit 1: 175.00 Take Profit 2: 170.00 Learn More Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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